The Great Crash of 2008

By: David Llewellyn-Smith, Ross Garnaut

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Paperback | 1 October 2009 | Edition Number 1

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Paperback
274 Pages

Dimensions(cm)
19.84 x 12.85 x 1.88

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As the world enjoyed the prosperity of an unparalleled boom, an economic earthquake was looming, and then struck abruptly. Bastions of finance collapsed, long-standing policy beliefs were abandoned, and governments charged into the rubble without time to watch their steps. But for those who were looking, the faultlines that ran beneath the boom had been apparent for years.

In The Great Crash of 2008, Ross Garnaut and David Llewellyn-Smith take us through the imbalances that led to the global financial crisis, tracing the cracks that were appearing within the modern economy and presenting a whole-world view of reasons for the downturn. They assess the implications of the global financial crisis and offer hope for finding order in the wreckage, in restoring development and building a stronger and more sustainable world.

Industry Reviews

"A masterly analysis." --Justin Lin, the World Bank
"This book captures the operatic sensibility of high finance . . . there is no ideological position here, only a pragmatic assessment of the benefits, limits, and dangers of market economies. Ideal for students, those who like to stay comprehensively briefed up to the minute, and anyone who needs to be reminded of the limitless recklessness of human beings." --Australian "Bookseller + Publisher" magazine

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